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84325 Canzone Drive, Indio, California 92203, Indio, 92203 - 5 bed, 3 bath

84325 Canzone Drive, Indio, California 92203 home-pic-0
ACTIVE$1,099,000$2,338/sqft
Est. Value: $969,774
-11%
AboveEstimate
84325 Canzone Drive, Indio, California 92203
5Beds
3Baths
2,338Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($969,773.86) is $129,226.14 (11%) lower than the list price ($1,099,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: Marketed as a 'high-performing Airbnb rental' with 'excellent cash flow potential' and a 'proven income-generating property,' offering immediate short-term rental income.
Top Cons:
High Association Fees: A monthly association fee of $325.0 can impact the net operating income and overall profitability for an investment property.

Compared to the nearby listings

Price:$1.10M vs avg $565.0K (+$534,000)97%
Size:2,338 sqft vs avg 2,147 sqft62%
Price/sqft:$470 vs avg $27699%

More Insights

Built in 2006 (20 years old).
Condition: The property was built in 2006, making it 18 years old, which falls within the 'Good' category's age range. The kitchen features white shaker-style cabinets, granite countertops, and stainless steel appliances, all appearing well-maintained and functional, though the granite style is not the most current trend. Bathrooms also feature granite countertops and white cabinetry, consistent with the kitchen's condition. Flooring consists of large format tile downstairs and hardwood upstairs, both in good condition. Modern light fixtures throughout suggest some aesthetic updates. The property is move-in ready with no immediate renovations required, and all visible components show minimal wear and tear, aligning with a 'Good' condition rating.
Year Built
2006
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$470
HOA
$325
Days on market
-
Sold On
-
MLS number
219140324DA
Home ConditionGood
Features
Excellent View: Lake, Mountain(s), Pool
Pool
Spa
Patio
ViewLake, Mountain(s), Pool

About this home

Seller Willing to Sell Individually - Exclusive Investor Opportunity in Terra Lago!This is a rare chance to acquire one--or all four--luxury furnished lakefront homes conveniently located side by side in the highly sought-after gated community of Terra Lago. These high-performing Airbnb rentals are fully turnkey furnished per inventory list and offer immediate short-term rental income with excellent cash flow potential.This featured two-story home offers 2,338 sq. ft. of well-designed living space with 5 bedrooms and 2.5 bathrooms, thoughtfully laid out to maximize occupancy, guest comfort, and rental revenue. The first floor includes two California King bedrooms, while upstairs you'll find another California King bedroom along with two additional bedrooms, each outfitted with two full beds--perfect for accommodating larger groups. Backyard gates between homes allow guests to seamlessly move between villas, creating an ideal setup for group rentals, retreats, or multi-family gatherings.Enjoy breathtaking lake and mountain views from your private backyard oasis featuring boat and dock access, a cozy fire pit, custom misting system, and a private pool and spa. Whether for relaxation or entertaining, this home is built to impress.Located just minutes from top attractions like Coachella, Stagecoach, Indian Wells Tennis Garden, and El Paseo, these homes consistently attract year-round vacationers and festivalgoers, ensuring steady rental demand.Don't miss this exceptional opportunity to own a proven income-generating property--whether individually or as part of a lucrative bulk portfolio in one of the desert's most desirable short-term rental communities. Contact us today for rental financials and details on this exclusive offering.

A
Angela Maciel-Gibbons
Listing Agent

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,•K-5•1.3mi
4/10
Desert Ridge Academy
Public,•6-8•5.0mi
5/10
Shadow Hills High School
Public,•9-12•4.7mi

Price History

Date
Event
Price
06/15/22
Sold
$1,300,000
04/28/06
Sold
$560,000
Condition Rating
Good
The property was built in 2006, making it 18 years old, which falls within the 'Good' category's age range. The kitchen features white shaker-style cabinets, granite countertops, and stainless steel appliances, all appearing well-maintained and functional, though the granite style is not the most current trend. Bathrooms also feature granite countertops and white cabinetry, consistent with the kitchen's condition. Flooring consists of large format tile downstairs and hardwood upstairs, both in good condition. Modern light fixtures throughout suggest some aesthetic updates. The property is move-in ready with no immediate renovations required, and all visible components show minimal wear and tear, aligning with a 'Good' condition rating.
Pros & Cons

Pros

Exceptional Income Potential: Marketed as a 'high-performing Airbnb rental' with 'excellent cash flow potential' and a 'proven income-generating property,' offering immediate short-term rental income.
Prime Location for Tourism: Strategically located minutes from major attractions like Coachella, Stagecoach, and Indian Wells Tennis Garden, ensuring consistent year-round demand from vacationers and festivalgoers.
Premium Amenities & Views: Features breathtaking lake and mountain views, a private backyard oasis with boat/dock access, fire pit, custom misting system, and a private pool and spa, enhancing guest experience and rental appeal.
Turnkey & Furnished: The property is fully turnkey and furnished, allowing for immediate operation and revenue generation without additional setup costs or time.
Optimized for Group Accommodation: With 5 bedrooms and 2.5 bathrooms, the layout is designed to maximize occupancy. The option for backyard gates between villas (if purchasing multiple) is ideal for large group rentals or multi-family gatherings.

Cons

High Association Fees: A monthly association fee of $325.0 can impact the net operating income and overall profitability for an investment property.
Reliance on Short-Term Rental Market: The property's value and income potential are heavily dependent on the short-term rental market, which can be susceptible to regulatory changes, increased competition, or shifts in tourism trends.
Recent Price Reduction: The current listing price of $1.099M is notably lower than its last recorded sale price of $1.3M in 2022, which may raise questions about market conditions or the property's current valuation.
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